Fed Tax Partners/Partnerships
- Class number: 11887
- Term: Fall 2008
This course is a detailed introduction to the federal tax treatment of the most common business entities in use in the United States today --partnerships and limited liability companies. The relevant tax provisions are found primarily in Subchapter K of the Internal Revenue Code. Topics to be studied in depth include: the classification of entities as partnerships for federal tax purposes; formation of the partnership and subsequent contributions to partnership capital; the flow-through tax treatment of partnership operations; tax-sensitive allocations of items of partnership income, deduction, credit and loss; partnership distributions and related tax-sheltering strategies, 'collapsible partnerships;' the liquidation or sale of partnership interests; and the death or retirement of partners. The course also compares the tax treatment of partnerships with that of S corporations.
- Date: Monday 6:30-9:15PM
- Location: KT115
- Catalog number-Section number: 7668-10
- Course Type: Lecture
- Prerequisites: Prerequisite: Federal Income Tax (7661).
- Credits (min/max): 3/3
- Notes: The prerequisite of Federal Income Tax has been temporarily removed to allow for priority enrollment.
- Enrollment status: Open
- Current enrollment/capacity: 28/36
- Reserve population/capacity: 0/0
- Waitlist enrollment/capacity: 0/50
- Grade basis: Student option
- Satisifies Writing Requirement: No
- Exam type: TAKE HOME